Industry News

Residential construction spending drops for 15th straight month

Residential spending in January-May period falls 18.7 percent
Published on Jun 29, 2007

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by CareyBot

The residential construction spending rate dropped 17.6 percent in May compared to the same month last year, the U.S. Census Bureau announced today, falling for the 15th consecutive month and reaching its lowest level since April 2004. Residential construction spending ...